PENGARUH KEPEMILIKAN SAHAM, STRUKTUR ASET, SIZE, GROWTH, DAN PROFITABILITAS TERHADAP STRUKTUR MODAL

Abstract

This research aimed to examine the effect of shares ownership (managerial and institutional ownership), company, size, asset structure, sales growth, and profitability on equity at manufacturing companies which were stated in Indonesia Stock Exchange 2014-2017. The sampling collection technique used purposive sampling. While, based on the criteria given, there were 23 companies as samples with 91 observation. Moreover, the data of company financial report were taken from BEI official website and alse from Indonesia Capital Market Directory (ICMD). In addition, the data analysis technique used classical assumption and multiple regression linier test with SPSS. The research result concluded managerial ownership and sales growth did not affect on equity. On the other hand, instsitutional owbership, company size, and asset structure had positive effect on equity. While, profitability had negative effect on equity. Furthermore, the determinastion coefficient of regression was 0.432. It meant, all independent variables which affect dependent variable was 43.2% and the rest, 56,7% was affected by un-observed variable.
Keyword: share ownership, company size, asset structure, sales growth, equity